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There are several trading platforms on the Internet nowadays, but without a doubt Binance is one of the most popular and innovative.
Understanding how to buy Skycoin (SKY) is essential in case you need to get started operating on that platform.
Before entering the wonderful world of cryptocurrency on the Binance platform, you need to get acquainted with the following.
Subscribing to the Binance platform is the very first step you must accomplish.
To do so, you must follow each one of the guidelines below.
Visit the Binance main page and click on the "Register" option.
Here you have the direct access to Binance.
Now click on the "Register with a phone or email" button.
Apple phones or tablets can be used as well.
For the purpose of this article, the email address subscription technique will be explained.
Binance will immediately send a one-time-only activation code (remember: this is NOT the password you’ve created) that you’ll enter it in the corresponding box, then press "Send"
Finally, your Binance enrollment is active.
It is a good idea to visit the different areas of the Binance platform and get acquainted to them.
You’ll immediately notice how simple is to start trading Skycoin (SKY).
To gain access to those options, the first thing you must do is complete the identity verification.
It is very important to notice that until you fulfill this security measure, youwon’t be allowed to begin operating with Skycoin (SKY).
But no need to worry, continue reading the next instructions to know how to do it.
The following are the instructions to verify your Binance subscription and get authorized to start operating:
Choose "Security" from the drop-down list under the user profile button
Another alternative is to go to the top of the navigator window and press the "Verify" button
Locate the option "Identification" on the left part of the screen.
Choose the Country of Residence.
The platform displays you 3 levels of verification: the current one, the Verified, and the Verified Plus.
Begin by choosing "Start now" located near the "Verified" level.
At this point, you must enter certain personal data:
Here, the Binance platform will require you to provide a legal document for identity corroboration.
You can do this with your passport, ID card, or license.
Now the system will require you to take a selfie following certain instructions.
After you have completed the platform’s requisites, you’ll have to wait a moment for the verification to be performed on your account.
Now you have to wait until your profile has been accepted. Be patient, Binance will let you know via email.
The following instructions will guide you through the Skycoin (SKY) trading process. As soon as you’ve received the confirmation email, you have become a Binance authorized Skycoin (SKY) trader.
First you need to figure out how to invest your money in Skycoin (SKY).
It is time to support your identity using a legal document.
You can do this by using your ID card, passport, or license.
In the next stage, you will have to take a selfie, following the platform’s instructions.
Now you’ll have to wait for a short time while an account confirmation process is performed.
Once your request has been accepted, Binance will send you an e-mail, just be patient.
The following instructions will guide you through the Skycoin (SKY) purchasing process. As soon as you’ve received the confirmation email, you have become a Binance authorized Skycoin (SKY) trader.
In this section you’ll realize how simple is to invest your money in Skycoin (SKY).
Some steps may have optional paths
The "Buy cryptos" menu on the Binance main page will be your reference when making a purchase.
Obviously, you’ll only be able to do this once you are logged in
Hovering your mouse pointer over this option will show a list of alternatives for making your purchase.
It is time to support your identity using a legal document.
You can do this by using your passport, ID card, or driver’s license.
Now the platform will ask you to take a selfie following certain instructions.
Now you will have to wait for a short period while an account confirmation process is performed.
Once your application has been accepted, Binance is going to send you an email, just be patient.
Congrats! Now you’re officially licensed to trade Skycoin (SKY). See the guidelines that follow.
In this section you’ll discover how simple is to buy a Skycoin (SKY).
Be aware that you could have more than one option for this process
The "Buy cryptos" menu on the Binance main page should be your reference when making a purchase.
Certainly, you’ll only be able to do this if you’re logged in
Hover your mouse over this option and a list of buying alternatives will deploy.
Choose the credit card-related option from the drop-down menu labeled "Buy Cryptos".
Read on for detailed guidelines:
Now you should choose the currency you’d like to use and indicate how much you want to invest.
The the Skycoin (SKY) you would like to buy must be picked from the second field
When you do so, the platform will immediately show you the quantity of Skycoin (SKY) you are going to be given, taking into account the amount of USD you have just indicated.
The following instructions will help you in the process:
Currency to be used and how much to invest should be stated here.
The the Skycoin (SKY) you would like to get must be indicated in the second field
When you do so, the platform will automatically show you the quantity of Skycoin (SKY) you’ll be given, considering the amount of USD you have just stated.
Now select "Continue".
Now it’s time to specify the method of payment you’ll use. To pay with your credit card, choose in the "Visa/Mastercard" box the button "Add card".
CC numbers must be indicated in this step, then click "Next".
Now state the physical address details for the credit card. Following this, select "Add card".
With this, your card will be added to the payment methods in your user profile. Click "Continue".
The platform will now show you the synthesis of the order you are generating. The sum your card will be charged in the currency you’ve selected, and the Skycoin (SKY) you will receive.
Certainly, Binance will take a certain percentage as a commission for supporting the operation, and that will be shown in that summary as well.
In less than 1 minute press "Confirm", after that time the order will be automatically aborted.
The system will now send you to the credit card issuing bank. There you should complete a standard online payment with your credit card.
Once the banking process is complete, you are already in possession of the purchased Skycoin (SKY) in your Binance e-wallet (referred to as the «Spot Wallet»)
Next, you’ll see a summary of the operation in its final stage. It includes the amount you are paying, the selected currency and the quantity of Skycoin (SKY) bought.
Another detail of relevance in this snapshot is the amount Binance will charge you as a commision for making the purchase.
You have 1 minute to click on "Confirm", otherwise the order will be automatically terminated.
The Binance platform will now send you to the credit card issuing bank. Then you should complete a standard on-line payment using your credit card.
You can check your Binance e-wallet (called the «Spot Wallet») after the banking procedure has been completed to find your recently purchased Skycoin (SKY) already there
Now that the new payment method has been included in your profile, go to the upper bar of the navigator and hover on "Buy Crypto" to drop-down the list of options and click on "Trading P2P". Then see the following instructions:
The seller, upon receiving your money, will automatically release the Skycoin (SKY).
This way, they will automatically be deposited into your wallet.
NB: you will need to move them to your Spot Wallet in case you would want to purchase any other crypto.
That’s easy: just click on "Transfer to Spot Wallet" immediately after the buying order is completed.
If you forget to follow this step right after buying the cryptos, no problem at all: you’ll be able to do it later.
Cryptos will be released by the trader as soon as money reception validation has been done.
The place where Skycoin (SKY) are transferred to is your Binance wallet.
Nonetheless, you must move them to your Spot Wallet in case you would want to buy any other crypto.
You can do this immediately once the purchase order has been completed just by clicking "Transfer to Spot Wallet".
In the event you didn’t do this, don’t be concerned, you can do it at any other moment.
Perfect! Now you have funds available to purchase any of the huge selection of Skycoin (SKY) in the Binance platform.
To buy Skycoin (SKY) from Binance what you just have to do is the following:
That’s it! Now you will have funds in the Spot Wallet so you will be able to purchase any of the huge selection of Skycoin (SKY) within the Binance platform.
See how simple is to purchase any cryptocurrency from the Binance platform:
You’ve already learned how simple is to begin trading Skycoin (SKY) on Binance.
Don’t wait any longer and start generating some extra money.
In case you like to earn money via cryptocurrencies, you must understand how to utilize Kucoin platform. This form oftrade is bringing good benefits to any or all its users, and it is making more and more progress in all its tradings.
If you want to learn very easily how to purchase a Skycoin (SKY) in Kucoin, you will need to stay in this post.
After you’ve registered to Kucoin and complied the security requirements, you have to deposit your cash. This process is pretty simple, and you have several ways to accomplish that.
One of them should be to go to the «Balance» or «Assets» section at the top right on the display and select the "Deposit" hyperlink. Next, select the Skycoin (SKY) you wish to deposit into your personal account to purchase new cryptos, for instance, USDT.
After that, you will have to select the network you will use for the operation. We all advise Tron (TRC20) since it has the lowest commissions.
Below you’ll see the address you should insert in the «Exchange» where you have the USDT you want to send to Kucoin. When you do this, you will instantly obtain the funds in your main account.
If this doesn’t work in your country, you can try transferring funds to your account through P2P trading. This kind of purchase implies that you actually make a traditional bank transfer to one of the listed traders to obtain any of the certified cryptos.
Once you obtained the funds in your account, it’s time for you to learn how to work with the Kucoin platform.
Purchasing a Skycoin (SKY) on Kucoin you must move the money you’ve just purchased to the trading account. To do this you need to click on the «Balance» menu, click on the main account, enter the cryptocurrencies then choose "Transfer". This last option can be located on the same line than the currency you are going to use for the purchase.
If that doesn’t work in the country you’re living, you may try moving funds to your account through P2P trading. This kind of transaction signifies that you actually make a bank transfer to one of the documented traders to get any of the certified cryptos.
When you obtained the funds in your account, it’s the perfect time to start interacting the Kucoin website.
Purchasing a Skycoin (SKY) on Kucoin you have to transfer the money you have just purchased to the trading accounts. To do this you need to go to the "Balance" menu, click the main account, enter the cryptocurrencies after which choose "Transfer". This last option can be situated on the same line as the currency you are about to use for the purchase.
After that, you are directed to a menu to pick where you wish to send the funds. You must transfer from the "Main Account" to the "Trading Account", and indicate the currency and the sum you decided to send to trade. Then visit "Confirm".
Once you got the funds within your account, you are ready to purchase your crypto and start trading.
Now you will learn how to purchase Skycoin (SKY) in different ways. To start, you need to open the «Trade» menu and select "Spot trading" (Spot Market). Then simply enter the term Skycoin (SKY) in the search box in the top corner of the site.
The platform will reveal the crypto pairs you are allowed to trade with.
In short, you‘ll only be capable of buy Skycoin (SKY) only with the crypto pairs it shows you.
Just for this case, you’re able do it with «USDT», «USDC», «KCS», and «BTC».
We choose ADA/USDT as we have funds in this pair. When we do that, it instantly loads the crypto graph and the order book with the buy and sell operations.
In order to be able to make the operation, it is necessary to type the corresponding key.
At the bottom-right, the platform displays us the markets to trade crypto, instantly enabling the «Spot». There you’ll find 3 ways to purchase Skycoin (SKY). The options are as follows:
You can also configure the order activation yet process it at the optimum market price. You do this by choosing «Stop Market», and indicating in "Stop Price" the amount you desire the Skycoin (SKY) to get to activate the order and the amount of USDT to invest. By simply clicking Buy Skycoin (SKY), your order will be processed at the market rate once it is the identical to the stop price you have previously typed.
With any of these options, you already have the Skycoin (SKY) tokens you have bought available in your trading account. From now on you are able to make transactions with that or you may want to purchase other cryptos. Remember that with Skycoin (SKY) you’ll only be able to get the cryptos available in their pairs. Often you will have to trade the Skycoin (SKY) for a crypto that commonly appears in the Skycoin (SKY) pairs, such as BTC, USDT, and BNB, and then you could get the particular one that you actually expect.
You can now start trading a Skycoin (SKY) using the Kucoin platform.